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and railroads and mass transit. it provides more money for job training and preschool and it expands tax credits for an estimated 13.5 million low-income workers and it increases taxes more than $650 billion on higher-income americans and it adds $56 billion in fees for big banks. there are also tax increases for tobacco products and airline passengers. the president's plan in print form arrived up on capitol hill this morning -- this morning. congress prefers to do the budgeting itself, so it's not like whatever the president sent would be accepted but it can be seen as a starting point in the debate over the nation's spending priorities, yet rather than a lot of new ideas in these budget books, critics suggest it's more of the same. the republicans say the president's 2015 budget spends, borrows, and taxes too much, neil? >> michael, thank you. it is ironic right now that all of this is going down on fat tuesday, good reason to party in new orleans, maybe, but minnesota republican congresswoman michele bachmann says no reason to celebrate in washington, so congressman, the bottom line is the p
spent. i was just doing a tally here, chuck, and we've got in fuel vehicle taxes, $85.5 billion a year. revenue just from toll roads that the state is addressing the same problems amounts to $12 billion a year. we have property taxes and assessments that go to fixing our roads and bridges, to the tune of $10 billion a year. and i could go on with the additional taxes of $14.5 billion. the oil company taxes combine now north of $65 billion, much of were supposed to be earmarked to just this sort of thing. so i'm all for fixing our roads and bridges. i just wonder what the hell happened to all that money to do just that? >> i think the infrastructure is getting older every single year and i think there's a lot of money going toward infrastructure, but i never think we could spend enough on the infrastructure because it actually puts people back to work. >> wait a minute, i've added all those up, it's $125 billion and then some. >> right. >> if that isn't enough to deal with this infrastructure, then we're using either gold or we're paying these guys a thousand dollars an hour. but that s
, too much taxing. so things are going to start changing, and they did, and fast. beginning with rallies across the nation that tended to grow by the month. a force that would later go on to topple nancy pelosi and democrats in the house and make one john boehner speaker of the house. but for all of their commotion, the mainstream media treated them as quaint as best and racist as first. not fair, not balanced. not remotely right. a double-standard. "occupy wall streets" were cool. tea partiers defending the flag. well, the whacky right. occupiers burning the flag, right on. cutting tax is is selfish? living off bigger government, saintly. antispending was bad. antiwar, well, good. reading the constitution in public, pathetic. ripping it up in public, profound. tea parties divisive. those occupiers, they were in -- those covering tea party rallies cracked. those who covered the "occupiers," cool. the message from the mainstream, just ignore them. even though there is not sinister about them. this is not about killing the manning -- excuse me -- this was a push against their message, and
control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1 trillion worth over the next year. and i'm wondering, where are the savings? because the president and republicans, too, there were no fair players on this, they reversed what were going to be minor cost of living juchlgts in the last deal. they scrapped that altogether. writes the will for getting this under control? >> two things. i think if you look in the medicare area, the president's budget identifies some additional efficiencieefficienc that are saved, that are cut, not by harming beneficiaries, but by reducing and continue to reduce some of the overpayments to the private insurance companies, by changing the way you reimburse big pharmaceutical companies. those are real cuts
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, paying down long-term debt, and tax reform, three fundamentals that washington has not done and i believe it's holding back the economic recovery in our country, and if you go to the states in michigan we did all three the first year, and we have been consistently following through and it shows up in the muck -- economic results. >> i want to get your take on what the president wants to do, committing another $300 million to infrastructure repair, that sort of thing. the devil is in the details, including how to pay for it. what do you make of that and whether that would benefit michigan? everyone can use some money but what dot you think? >> i think, to be open. one of the challenges is how to few sustain something like that and pay for it? the federal government is already in deep debt. i suggest there are other areas not getting enough attention, and one of those is i think we have a skills gap in our country, and what die mean by that? we have a lot of people still looking for work, very talented people, but they require additional skills and training to hold jobs today. employers hav
Search Results 0 to 5 of about 6